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San Marcos Duplex Investment Opportunity

1026 Haynes ST 28 San Marcos, TX 78666

1026 Haynes ST 28, San Marcos, TX, 78666
$324,900
For Sale
Claim this Listing
$324,900

Short-term rental capable duplex near Texas State University.

Property Size1,497 SF
Price / SF$217.03
AddedApr 16, 2025
Days on Market457
Last RefreshJul 15 at 2:53 pm

Property Features for 1026 Haynes ST 28

General Information

Standard status
Active
Size
1,497 SF
Property subtype
Multi Family

Building Details

Year Built
1964

Listing office Anders Pierce Realty, LLC

Listing date Apr 16, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Anders Pierce Realty, LLC


Investment Insights

Based on property information with market context.

This duplex is suitable for short-term rentals and has a history of generating income from both short and long-term rentals. One unit, a 3-bedroom, 1-bathroom configuration, is currently occupied on a month-to-month basis. The other unit, featuring 2 bedrooms and 1 bathroom, is leased through the end of July 2026. The property has been recently renovated and is located near the San Marcos River, Vista Park, and the downtown playscape. The central location includes large, fully-fenced backyards with a cross-fence separating the units, and mature trees provide shade. This property offers an entry point into the Texas State University area rental market, with the potential for increasing rents in a rapidly growing area. The property size is 1497 square feet.

Key Highlights

  • Proven short‑term and long‑term rental income performance.
  • Duplex property suitable for rental portfolio diversification.
  • Leased 2/1 unit provides immediate income through July 2026.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $37.7k $25.20
− Vacancy −$1.9k −$1.24
EGI $35.9k $23.96
− OpEx −$10.8k −$7.19
NOI $25.1k $16.77
1,497 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K (±1% cap)
NOI $25,103 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$327.8K
$286.9K – $382.5K (±1% cap)
NOI $22,948 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K (±1% cap)
NOI $43,805 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Acupuncture Daycare Center Florist Fish Market (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Short-term rental capable duplex near Texas State University.
Where is this duplex located?
The property is located at 1026 Haynes ST 28 San Marcos, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Proven short‑term and long‑term rental income performance.; Duplex property suitable for rental portfolio diversification.; Leased 2/1 unit provides immediate income through July 2026.
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